News and Notes

BGC Brokers’ Capitalab launches inaugural multi-Central Clearing Counterparty Initial Margin Optimisation service

CME Group Launches ENSO Data Insights to Aid Best Execution Financing for Hedge Funds

NN: How ESG principles can make a difference in securities lending

Tradeweb hits post-crisis record volume in repo trading

Delta One, LLC and Dynamex Trading, LLC launch equity finance marketplace

ISLA Publish 2019 Legal Opinions for the Global Master Securities Lending Agreement (GMSLA)

ISDA 2019 Margin Survey: Top 20 Firms Collected Nearly $160 Billion in Initial Margin at Year-End 2018

World Federation of Exchanges says 2018 derivatives volumes exceeded 30 billion contracts

DTCC partners with Droit for reporting eligibility services to Trade Repository

ISDA Asia derivatives survey cites the importance of close-out netting

Basel Committee issues a consolidated version of its standards

SGX launches Total Return Futures on the Nikkei 225

BIS research: bigtech and the changing structure of financial intermediation

NYT article on fund pricing, negative fees and securities lending

MarketAxess and Virtu Financial partner on global ETF and Fixed Income trading

Fidelity Investments adds affiliate National Financial Services as agent lender

FT: Tradeweb IPO delivers $1bn bounty for Wall Street

Reuters: Hong Kong to cap securities margin financing

Get the weekly SFM update – our April 5 newsletter is online

BNY Mellon and BlackRock partner to deliver data and technology on the Aladdin platform

ICMA survey shows continuing steady growth in the European repo market – market size reaches EUR 7,739 billion

ESMA launches third EU-wide stress test exercise

Fed blog: Are New Repo Participants Gaining Ground?

Basel Committee looks at a sectoral application of the countercyclical capital buffer

US regulators propose limits to big banks holding TLAC of other big banks

ICE Benchmark Administration Successfully Completes the Transition of LIBOR Panel Banks to the Waterfall Methodology

UBS survey: analysis of US bank tech spend finds growing gap

Report: The Future of Clearing, from the World Federation of Exchanges and Oliver Wyman

Canada tightens rules on dividends withholding tax in a securities lending arrangement

Options Clearing Corp seclending CCP volume down 0.5% in March 2019 year over year

DTCC gains approval to expand sponsored repo business, makes first trade

WSJ: New Benchmark Rate, Gunning to Replace Libor, Gains Traction

Reuters: Banks should quickly adopt LIBOR alternatives: Swiss expert

Basel Committee publishes follow-up reports on Basel III implementation assessments

ABA: FDIC Approves Proposal to Exclude Central Bank Deposits from SLR

Federal Reserve Board releases additional information on its stress testing program

CFTC Issues No-Action Relief to Facilitate Prime Brokerage Activities on SEFs

Bolsa de Valores de Lima Offers New Securities Lending Platform

Get the weekly SFM update – our March 29 newsletter is online

ECB paper: Does liquidity regulation impede the liquidity profile of collateral?

OCC’s Matt Wolfe expects more machine learning and distributed ledger technology in securities lending

Fed research: Financial Stability Committees are more concerned with politics than taking action

ECB paper: ban on trading naked sovereign CDS in 2012 had greatest impact on systemic risk reduction for sovereigns

DTCC’s margin transit utility signs up six swaps dealers

Risk: swaps traders have to learn repo for SOFR hedging

Transparency requirements of EU Securitisation Regulation to be incorporated into Eurosystem collateral framework